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FTLS vs FTSM

First Trust Long/Short Equity ETF vs First Trust Enhanced Short Maturity ETF

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

FTSM

First Trust Enhanced Short Maturity ETF

First Trust

Annual cost

0.29%

Fund size

$6.4B

Key differences

  • FTSM costs 1.09% less per year.
  • FTLS is classified as alternative, while FTSM is fixed income — different risk/return profiles.
  • FTLS follows a long short strategy; FTSM uses index tracking.
  • Over the last 3 years, FTLS has delivered higher annualized returns.

Side-by-side comparison

FTLSFTSM
Annual cost (TER)1.38%0.29%
Fund size (AUM)$2.3B$6.4B
Since20142014
Dividend yield0.91%4.20%
Asset classalternativefixed income
Regionnorth americanorth america
Strategylong shortindex tracking
CAGR 1Y+15.7%+4.3%
CAGR 3Y+14.8%+4.9%
CAGR 5Y+10.5%+3.5%
Sharpe 3Y1.092.51
Volatility 1Y8.19%0.48%
Max drawdown-20.54%-4.12%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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